Technical Note 4: The training module on regulation and supervision supporting inclusive insurance markets
This module on regulation and supervision supporting inclusive insurance markets was developed in 2013 as a cooperative project of the IAIS and the Access to Insurance Initiative (A2ii). The module has been endorsed by the IAIS Committee structure and uses a learning environment to support supervisors to effectively implement the concepts set out in the Application Paper on “Regulation and Supervision Supporting Inclusive Insurance Markets (2012)”.
As a result of studying the training module readers will be enabled to:
- A. Explain why insurance markets should be inclusive and describe how an inclusive insurance market might differ from a typical formal insurance market.
- B. Discuss the roles and responsibilities that an insurance supervisory authority might have in creating and maintaining a more inclusive insurance market.
- C. Discuss how the prudential supervision of insurers that underwrite only microinsurance might differ from the supervision of commercial insurers.
- D. Explain why market conduct requirements for microinsurance might differ from those applicable to conventional insurance and discuss what such differences might be.
The module is a basic-level training that does not require specific prior knowledge of this topic. It should be useful to either new insurance supervisors or experienced supervisors who have not dealt extensively with the topic or are simply seeking to refresh and update their knowledge.